Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by GFG Capital LLC

GFG Capital LLC lowered its holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 14.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,470 shares of the semiconductor company’s stock after selling 755 shares during the quarter. GFG Capital LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BOKF NA increased its holdings in Taiwan Semiconductor Manufacturing by 4.8% in the first quarter. BOKF NA now owns 1,762 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 81 shares during the last quarter. Cetera Advisors LLC grew its stake in Taiwan Semiconductor Manufacturing by 80.7% in the 1st quarter. Cetera Advisors LLC now owns 79,291 shares of the semiconductor company’s stock worth $10,787,000 after acquiring an additional 35,404 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $210,000. Empowered Funds LLC grew its stake in shares of Taiwan Semiconductor Manufacturing by 53.8% during the 1st quarter. Empowered Funds LLC now owns 20,849 shares of the semiconductor company’s stock valued at $2,837,000 after buying an additional 7,293 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Taiwan Semiconductor Manufacturing during the 1st quarter valued at $437,000. Hedge funds and other institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Up 0.6 %

Shares of NYSE:TSM opened at $201.90 on Tuesday. The company has a 50 day moving average of $176.00 and a 200-day moving average of $164.86. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $84.95 and a one year high of $212.60. The stock has a market cap of $1.05 trillion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 1.16 and a beta of 1.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.47 and a quick ratio of 2.21.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be issued a dividend of $0.4871 per share. This is a boost from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.95 annualized dividend and a yield of 0.97%. Taiwan Semiconductor Manufacturing’s dividend payout ratio is presently 31.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TSM shares. Susquehanna reissued a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research report on Friday. Needham & Company LLC restated a “buy” rating and issued a $210.00 price target on shares of Taiwan Semiconductor Manufacturing in a research report on Thursday, October 17th. Finally, TD Cowen upped their price objective on shares of Taiwan Semiconductor Manufacturing from $130.00 to $170.00 and gave the company a “hold” rating in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $200.00.

Taiwan Semiconductor Manufacturing Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.